Exchange Currency in Berlin: Top Banks & Currency Exchange Providers in 2024 (2024)

Berlin uses Euros as an official currency for all payments. You need cash in local currency to manage money, make transactions and explore this exciting place. Whether you are in a local market or discovering top tourist attractions, you might look for currency exchange providers to buy or sell Berlin currency. Let’s explore some of the best places to exchange currency in Berlin at the best exchange rates possible.

Best Places for Currency Exchange in Berlin

Top providers like Ria Money Transfer and Currency Exchange, Exchange AG Deutschland, Ucambio Exchange, Eurochange, and many others are the best bureaux de change for foreign exchange in Berlin.

One can also exchange currency at Reisebank outlets that are located at the city’s major airports and railway stations. Up to 100 currencies can be exchanged here at competitive rates to help you get thecheapest currency exchangeservices. Let’s explore all the options-

Currency Exchange in Berlin through Banks

Reisebankis one the best places for exchanging currency in Berlin. It supports up to 100 currencies for a hassle-free exchange. The bank branches are conveniently located in more than 50 German cities. It is known for its speedy and reliable services and for advising you on the right cash arrangement.

• Commerzbank, HSBC, and Sparkese are some of thebest banks in Germany for international studentsto open a bank account and get competitive currency exchange rates for currency exchange in Berlin.
• The best part is you plan your currency exchange in advance and reserve your preferred currency by phone at their Berlin branches.
• This can be done by keeping an eye on currency exchange rates and booking when you feel that the exchange rates are most flexible.
• You can buy and sell currency at the same exchange rates with Reisbank.

Also Read: Planning to pursue higher academics in Germany? Check out the details of the best public and private banks, and NBFCs providingeducation loans to study in Germany without collateral.

Currency Exchange in Berlin through ATMs

Withdrawing cash from ATMs in Berlin is one of the best ways for currency exchange in Berlin, especially if you choose the local currency (euros in this case) during the withdrawal. This ensures you get the best exchange rate. However, be mindful of two potential fees:

• ATM operator fees:The ATM itself might charge a usage fee.
• Foreign transaction fees:Your bank might charge a fee for using your card internationally.

These fees can be avoided if you use a debit card designed for international travel.

• Your American Express, Visa, Diners Club, Eurocard, and Mastercard should be accepted without any problems.
• Many banks have agreements with international partners like Deutsche Bank and Barclays, which can waive ATM withdrawal fees. Talk to your bank before your trip to see if they have any partner banks in Germany.
• ATMs located in main bank branches often have lower fees compared to those in convenience stores or railway stations.

Currency Exchange Kiosks

Besides banks and ATMs, currency exchange in Berlin is best offered at the Bureau de Change. These currency exchange kiosks offer competitive exchange rates and secure services. Most of them do not even charge commission or additional fees and offer buy-back of leftover/ unused currency at the same exchange rates. Check out the list of top providers for currency exchange in Berlin-

Also Read: Check out the important details ofwire transfers to Germanyto get money to pay for various things like tuition fees, house rent etc.

Airports

Another place to exchange currency at the airports. They operate 24/7, catering to arrivals and departures at any hour. So, you get immediate solutions, especially if you are dealing with a last-minute currency exchange situation. At Berlin Brandenburg Airport, you can use currency exchange providers like Eurochange andTravelex currency exchangeoffering hassle-free services.

However, convenience at airports often comes with a price.Airport currency exchange ratesare usually less favourable compared to banks or online services in Berlin.

Important Guidelines

To get the most out of your international trip for higher studies or leisure travel, it is important to save money when in Germany or any other country. One must consider important tips like exchanging currency in advance. However, for currency exchange in the city, you must be mindful of the exchange rates at airports and hotels and ATM fees. Check out some of the tips to consider while exchanging foreign currency in Berlin-

Know the Mid-Market Rate-Before you exchange, research the mid-market exchange rate for your currency pair. This is the “true” rate used in global currency markets. Use an online currency converter to get a benchmark and avoid tourist traps with inflated rates. It helps you navigatecurrency exchange risks.

Use ATMs-ATMs are your friend for fair currency exchange rates. Withdrawing cash from ATMs is often the best option. Also, be mindful of ATM operator fees and potential foreign transaction fees from your bank. You must consider a debit card designed for international use.

To avoid these charges, international students can carry them from the list ofbest forex cards for students in Germanyto study abroad.

Skip Airport & Hotel Exchange Desks-These locations offer convenience but at higher prices. They typically have unfavourable exchange rates and hidden fees. Unless absolutely necessary, avoid exchanging currency are airports and hotel exchange desks.

Get Euros Before You Go-RBI allows currency exchange 60 days before your trip. Thus, many banks can exchange currency beforehand, especially for common currencies like Euros. Always check the rate and compare it to what you might find in Germany. This allows you to shop around for the best deal and have Euros ready upon arrival.

FAQs

This was all about currency exchange in Berlin. Make sure to research well and consider the given tricks. To know more abouteducation loans, the bestbank accounts for students, forex and banking experience for global students orinternational money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.

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